Skagit County Real Estate Market — May 2025
Back in our January 2025 report, we noted signs of change in Skagit County’s housing market, particularly in the number of homes coming onto the market. Although inventory dipped slightly, both new and active listings were on the rise. In this update, we revisit those trends to see how they’ve developed—and whether buyers are beginning to feel some relief.
As shown in the graph to the left, the number of available homes (excluding condos) has grown significantly over the past two years. In April 2025, there were 260 homes for sale—up 10.2% from last year and a substantial 43% increase from April 2022, when the market was still feeling the post-pandemic chill. This uptick signals renewed movement in the market, with more sellers listing their properties.
The graph on the right tracks 12-month rolling totals to smooth out seasonal fluctuations, and it confirms that new listings have been steadily climbing since early 2024. After sharp drops in 2022 and 2023, it’s encouraging to see more homes hitting the market—suggesting growing seller confidence and more choices for buyers.
Months of inventory is a key measure of market balance. Four to six months is considered neutral, while anything lower favors sellers.
Despite the increase in listings, Skagit County hasn’t seen inventory rise above three months at any point in the past five years. According to the graph on the left, that trend continues—meaning sellers still have the upper hand when it comes to supply and demand.
The final graph shows median home prices in Skagit County over the last five years. In 2020, the median was $420,000. Fast forward to today, and that number has climbed to $600,000—a 42% increase. While listings and inventory have shifted, prices continue to rise, indicating sustained demand, potentially fueled by buyers relocating from outside the area.
👉 Next up: What does this mean for buyers and sellers in 2025? Stay tuned for our insights and strategies in navigating this still-competitive market.
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